BROOKFIELD Corp ON Has $59.68 Million Stake in Equinix, Inc. $EQIX

Key Points

• BROOKFIELD Corp ON has increased its stake in Equinix, Inc. by 2.7% in the first quarter, holding a position worth $59.68 million after acquiring an additional 1,942 shares.
• Equinix reported an earnings per share (EPS) of $9.91 for the most recent quarter, significantly exceeding the consensus estimate of $3.49.
• The company declared a quarterly dividend of $4.69 per share, which translates to an annual yield of 2.4% and reflects a high dividend payout ratio of 183.74%.

BROOKFIELD Corp ON increased its holdings in shares of Equinix, Inc. (NASDAQ:EQIX - Free Report) by 2.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 73,197 shares of the financial services provider's stock after buying an additional 1,942 shares during the period. BROOKFIELD Corp ON owned 0.07% of Equinix worth $59,681,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of EQIX. Brighton Jones LLC increased its stake in Equinix by 28.9% in the fourth quarter. Brighton Jones LLC now owns 326 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 73 shares in the last quarter. Bank Pictet & Cie Europe AG bought a new stake in Equinix in the fourth quarter valued at approximately $2,027,000. DigitalBridge Group Inc. increased its stake in Equinix by 8.4% in the fourth quarter. DigitalBridge Group Inc. now owns 197,696 shares of the financial services provider's stock valued at $186,406,000 after purchasing an additional 15,344 shares in the last quarter. Focus Partners Wealth increased its stake in Equinix by 91.2% in the fourth quarter. Focus Partners Wealth now owns 2,155 shares of the financial services provider's stock valued at $2,192,000 after purchasing an additional 1,028 shares in the last quarter. Finally, Graham Capital Management L.P. bought a new stake in Equinix in the fourth quarter valued at approximately $763,000. 94.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BMO Capital Markets downgraded shares of Equinix from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $1,045.00 to $850.00 in a research note on Thursday, June 26th. Wolfe Research cut shares of Equinix from an "outperform" rating to a "peer perform" rating in a report on Monday, June 9th. Scotiabank reduced their price target on shares of Equinix from $1,030.00 to $965.00 and set a "sector outperform" rating for the company in a report on Thursday, June 26th. The Goldman Sachs Group reduced their price target on shares of Equinix from $1,020.00 to $880.00 and set a "buy" rating for the company in a report on Wednesday, July 2nd. Finally, UBS Group reduced their price target on shares of Equinix from $1,035.00 to $950.00 and set a "buy" rating for the company in a report on Friday, July 11th. Five research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $962.52.

Equinix Stock Down 1.1%

Shares of Equinix stock traded down $8.87 on Friday, hitting $788.61. The company had a trading volume of 367,783 shares, compared to its average volume of 378,613. Equinix, Inc. has a twelve month low of $701.41 and a twelve month high of $994.03. The stock has a 50-day moving average of $779.38 and a 200-day moving average of $822.30. The firm has a market capitalization of $77.17 billion, a P/E ratio of 77.24, a P/E/G ratio of 1.41 and a beta of 0.92. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.54 and a quick ratio of 1.54.

Equinix (NASDAQ:EQIX - Get Free Report) last released its earnings results on Wednesday, July 30th. The financial services provider reported $9.91 earnings per share for the quarter, beating analysts' consensus estimates of $3.49 by $6.42. Equinix had a net margin of 11.11% and a return on equity of 7.22%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter last year, the firm earned $9.22 earnings per share. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Equinix has set its Q3 2025 guidance at EPS. FY 2025 guidance at 37.670-38.480 EPS. Research analysts predict that Equinix, Inc. will post 33.1 earnings per share for the current year.

Equinix Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 17th. Stockholders of record on Wednesday, August 20th will be paid a dividend of $4.69 per share. This represents a $18.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, August 20th. Equinix's dividend payout ratio is currently 183.74%.

Insider Transactions at Equinix

In other news, EVP Raouf Abdel sold 404 shares of the stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of $771.11, for a total transaction of $311,528.44. Following the completion of the transaction, the executive vice president directly owned 6,378 shares in the company, valued at $4,918,139.58. This represents a 5.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Christopher B. Paisley sold 75 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $781.50, for a total transaction of $58,612.50. Following the transaction, the director owned 17,832 shares of the company's stock, valued at approximately $13,935,708. This represents a 0.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.27% of the company's stock.

Equinix Profile

Equinix Nasdaq: EQIX is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.